Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Characterisation of gifts versus loans
  • 28 Oct 2005

    W v. S

    Citation
    W v. S
    Court
    Family Court
    Case number
    FCMC2767/2004

    Net sale proceeds of the former matrimonial home are to be divided equally between the parties as the single substantial matrimonial asset; claimed repayments for renovation and other intra-family financial arrangements are not to be deducted absent clear evidence of repayment obligations; accrued but unpaid dividends on shares gifted to the Wife are not matrimonial assets for division; the Husband's conceded liabilities (tax HK$82,064 and loan HK$14,000) are to be deducted from his share; child maintenance to be met by shared responsibility with an initial contribution by the Husband of CAD6…